On-chain analytics platform Lookonchain has drawn attention to a 7-year-old Bitcoin whale who is betting big on Ethereum. This comes amid a crypto market pullback, which has seen ETH and BTC record significant losses. Bitcoin Whale Sells $76 Million To Buy Ethereum In an X post, Lookonchain revealed that a Bitcoin OG, which is holding 14,837 BTC ($1.69 billion), had sold 670.1 BTC ($76 million) and opened long positions of 68,130 ETH ($295 million). The whale made this move by depositing the $76 million BTC to Hyperliquid and selling it off before going long on ETH across four wallets, totaling 68,130 ETH. Related Reading: Analyst Warns Investors To Avoid Bitcoin At All Cost As Price Is Going Below $60,000 This Bitcoin whale received 14,837 BTC seven years ago, which was worth $107.5 million back then, from HTX and Binance when Bitcoin was trading at $7,242. With this recent move, there is the possibility that the whale is now turning their attention to Ethereum, as the investor anticipates a massive move from the largest altcoin by market cap. Furthermore, in another X post, Lookonchain revealed that the Bitcoin whale tried to play it safe on their Ethereum investment as they began closing the long positions and switched to buy spot ETH. In the process, the whale deposited another 1,000 BTC ($113.95 million) to Hyperliquid to buy ETH and bought 19,794 ETH ($85 million) Meanwhile, the Bitcoin OG also moved to trade Ethereum using leverage again and therefore proceeded to create a new wallet and deposited $20 million USDC to go long on ETH with 6x leverage. This brought the whale’s total holdings to 78,265 ETH ($334 million) across five wallets. More Ethereum Buys From The Bitcoin OG The Bitcoin investor has continued to double down on their conviction in Ethereum. The whale has now sold 3,142 BTC ($356.47 million) over the last two days and has bought 55,039 ETH ($237 million) through spot trading and opened a 135,265 ETH ($577 million) long position. Hyperliquid data shows that three out of the five long positions are currently in profit. The largest of them is an unrealized gain of over $2 million. Related Reading: Trader Goes From $43M To $770,000 As Ethereum Price Retraces, Here’s How Lookonchain spotted another Bitcoin OG who deposited BTC into Hyperliquid to sell and buy ETH. On-chain data shows that this whale received 85,947 BTC ($547 million) seven years ago, similar to the earlier Bitcoin OG. Based on this, the on-chain analytics platform opined that it is likely the same whale. Another whale also recently created a new wallet and withdrew 11,950 ETH ($51.32 million) from Binance. At the time of writing, the Ethereum price is trading at around $4,280, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Binance Australia has 28 days to nominate external auditors for AUSTRAC's consideration.
Binance’s native token BNB reached a new milestone today, setting an all-time high of $881 before correcting slightly to $849 at the time of writing. Despite broader market consolidation in recent days, BNB’s performance marked a 2.6% increase in the past 24 hours. The development has drawn notable attention from traders and analysts, many of whom are now evaluating whether the momentum is sustainable. CryptoQuant analyst CryptoOnchain shared insights on the rally, pointing to both technical signals and on-chain data as key factors behind the altcoin’s latest upward movement. According to his analysis, the decisive breakout above the $800–$810 resistance zone has turned that range into an important support level. He noted that maintaining this threshold could sustain bullish sentiment, with the $900 level emerging as the next psychological target. Related Reading: BNB Price Coiling for Breakout—Next Leg Higher in Sight Technical and On-Chain Analysis of BNB On the technical side, the altcoin’s entry into “price discovery” mode has raised questions about the sustainability of its rally. CryptoOnchain explained that breaking above historical resistance levels typically attracts new inflows and strengthens confidence in long-term holding. From an on-chain perspective, the analyst highlighted “Rolling Percentage Gains” across multiple timeframes. The data suggests that all major holder cohorts, from short-term to long-term investors, are currently in profit. This reduces potential sell pressure as investors are less motivated to exit positions. At the same time, accelerating short-term gains reflect fresh demand, while one-year rolling gains indicate that the rally is not merely speculative but backed by sustained accumulation. According to CryptoOnchain, the combination of these factors presents a case for continued strength as long as the altcoin holds above the $800 support zone. “The technical breakout is supported by confident, profitable holders,” he wrote. “As long as BNB holds the crucial $800 support level, the outlook for testing higher targets remains highly favorable.” Analysts See Potential for $1,000 Beyond technical and on-chain metrics, independent market observers are also weighing in on the altcoin’s trajectory. A crypto analyst known as BitBull on X noted that BNB’s new all-time high coincides with a structural shift in its price action. The token’s long-standing resistance has now flipped into support, creating what he described as conditions for further growth. “$BNB hit a new ATH of $880 today. It has now flipped its multi-year resistance level into support. With public-listed companies bidding BNB, $1K BNB is just a matter of time,” BitBull commented. Related Reading: BNB Tracks Bitcoin’s Playbook, Eyes Breakout Toward $1,200 BNB’s rise comes amid an evolving market for exchange tokens. While some have struggled to maintain relevance, BNB has consistently grown in utility, supported by Binance’s ecosystem, which includes trading fee discounts, token launches, and blockchain infrastructure through the BNB Chain. This dynamic has helped position the token as one of the top five cryptocurrencies by market capitalization. Featured image created with DALL-E, Chart from TradingView
The XRP Ledger (XRPL) has witnessed a dramatic surge in on-chain transactions, with payment volumes between accounts surging by 500%. This sharp increase highlights a significant rise in transactions and address activity on the blockchain, marking one of the highest spikes recorded this year. XRP Sees Record-Breaking On-Chain Activity Data from XRPScans confirms that on August 18, 2025, the XRP Ledger recorded a massive rise in network activity, processing 844,516,631 tokens in payments between accounts. This figure dwarfs the average daily flows seen throughout this month. The surge also marks an increase of more than 500% compared to the previous day, when payment volume totaled only 159,685,255. Related Reading: XRP Price Being Manipulated? XRPL Validator Shares Scathing Blockchain Findings Typically, such spikes in on-chain activity often indicate growing adoption, whether through institutional participation, retail engagement, or whale repositioning. Historically, sudden bursts of transactional volume have preceded major price movements, as they tend to reflect rising demand. XRPScan’s payments chart also highlights the cryptocurrency’s shifting volume trends throughout the year. For much of 2025, XRP payments largely fluctuated at a lower baseline, with occasional bursts of activity. While August stands out, July saw an even more heightened activity, with 1.41 billion payments logged on the 21st. Despite the sharp rise in on-chain activity, the XRP price has yet to reflect the surge, trading without any significant upside reaction. However, sustained growth in payment volume could strengthen the cryptocurrency’s underlying fundamentals, potentially setting the stage for a new wave of market interest. Whale Sell-Offs Weigh On Price Over the past week, the XRP price has dropped roughly 10% to around $2.89 despite the recent spike in payment volume. According to a post on X social media by crypto exchange XChangeOn, this decline has been partially attributed to heavy whale selling and ongoing market volatility. Related Reading: Key Levels To Watch In Light Of XRP’s Macro Future In just ten days, a staggering 470 million XRP were offloaded, with several of these transfers exceeding 100 million tokens each. XChangeOn noted in its post that much of this supply had found its way to Binance, adding significant selling pressure to the already fragile market. Interestingly, these moves came after whales had accumulated over $360 million worth of XRP during earlier price dips, suggesting that large players may now be realizing profits or repositioning ahead of broader market shifts. XChangeOn indicated that the growing selling pressure has placed XRP at risk of testing support levels between $2.70 and $2.50. From the current price of $2.89, this represents a potential decline of approximately 6.6% and 13.5%, respectively. If downward pressure continues, the cryptocurrency is expected to experience further weakness in the short term. However, XChangeOn notes that reduced inflows to exchanges and renewed whale accumulation could act as stabilizing forces. Featured image from Getty Images, chart from Tradingview.com
The on-chain yield program quickly attracted investors with offering Plasma's XPL native token rewards.
An industry-wide project led by TRM Labs is officially going live, and includes law enforcement and the major exchanges such as Coinbase and Binance.
The crypto market cap rose 13% in July with ether leading altcoins higher, stablecoins overtaking Visa and tokenized stocks surging 220%, Binance Research said.
According to reports, USELESS coin surged 52% in a single day after becoming the first memecoin from LetsBONKfun to land on Binance. Related Reading: Dogecoin Draws New Attention As Open Interest Tops $3 Billion The price climbed from $0.19 to $0.33 during the initial burst, data from Coingecko shows, and many traders sold into that move overnight. Social interest rose alongside the price: 30-day growth was 42%, which translated to nearly 9,700 new followers, data from Messari shows. Exchange Listings Fuel Hype Reports have disclosed that other platforms moved quickly. Kraken listed the token amid the buzz, and Coinbase added USELESS to its listing roadmap, making the token visible to US markets. That wider exposure appears to have attracted new buyers and attention. Some traders said that easing crypto rules and exchange access were helping memecoins get more eyes and more capital. Deposits for $USELESS are now open on https://t.co/AZwoBOh0gq! Trading on the USELESS/USDT pair will begin on Aug 14 at 7 a.m. EDT.@theuselesscoin is Solana’s unapologetically pointless memecoin, a parody of “serious” crypto that thrives on meme power and a growing community. — Binance.US ???????? (@BinanceUS) August 13, 2025 Buyers Pushed Early And Some Took Profits Orderbook snapshots showed heavy bids before the Binance announcement, and some market watchers flagged those buys as suspicious. USELESS social interest up. Source: Messari. Insider buying is a common concern around listings, and the timing here raised eyebrows. After the launch, price shot to $0.31 from $0.22, then cooled as profit-taking set in. By the second day, buy-side depth had thickened while taker buy/sell volume began to ease. Overall Activity Up 300% Trading activity spiked. Daily volume reached $420 million, which was more than 1.5x the token’s market cap according to trade tallies. In the run-up and immediate aftermath, overall activity rose by almost 300%. Recovery phase for Bonk’s pairs, led by hard-working communities that never stopped during the bear days.#USELESS target is $5B.$KORI, $MOMO, and #旺柴: each aiming for at least $300M. The Bonk community stands apart from other launchpad platforms, with projects here often… pic.twitter.com/dKwIMmbtJW — ????️GEM DETECTER????️ (@gem_detecter) August 14, 2025 On decentralized exchanges, netflows put USELESS at the top of the list among the top 10 coins by netflow, even ahead of Bonk [BONK]. Gem Detector data on X showed USELESS as the most held token among the platform’s top four memecoins, a sign that community interest was strong. Related Reading: Chainlink Breaks 3-Month High Amid Record 2025 Enthusiasm Technical indicators signaled higher volatility as Bollinger Bands widened. The midpoint of the bands sits near an earlier resistance at $0.27, which could act as the next support. Resistance around $0.33 looks to be a key pivot; a clear break above that might open a path toward $0.40. If $0.27 fails, the token could slip back to $0.22, the level where the surge began. Aggregated spot and bid delta hit its highest level since launch, even as taker buy volume tapered off. Featured image from X/@theuselesscoin, chart from TradingView
Bitcoin (BTC) staged a mild rebound from yesterday’s inflation-driven drop to $117,180, climbing back toward $119,000 at the time of writing. A declining leverage ratio suggests the top cryptocurrency’s bullish momentum could persist, keeping it in the running for a new all-time high (ATH) in the near term. Bitcoin Leverage Ratio Falls, Bulls Rejoice According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s leverage ratio across all cryptocurrency exchanges has sharply declined from its late-July and early-August peak of 0.27. Related Reading: Bitcoin Investors Turn To ‘Smart DCA’ As Market Trades Below On-Chain Fair Value Of $117,700 Notably, the ratio dropped to 0.25 in early August before a modest rebound. In contrast, the period from May to late July saw both the price and leverage ratio climb in tandem, signaling an influx of traders opening larger positions. In contrast, this time leverage has fallen without a comparable drop in price – a sign that risk has eased since the recent uptrend. Arab Chain notes that this may be the result of high-risk positions being liquidated or traders exiting the market amid volatility. With BTC holding around $119,000, the lower leverage ratio is a bullish sign, suggesting that the latest price gains are fueled more by genuine liquidity than speculative excess. A continued decline in leverage could further reduce the likelihood of a sharp correction. Conversely, a sudden spike in leverage alongside a price rally would raise the risk of a pullback. The analyst added: If leverage remains at moderate or low levels while the price remains stable, this could provide a stable base for a new uptrend. An estimated leverage ratio (ELR) holding between 0.24–0.25, accompanied by a gradual price break above 120K, could indicate a spot-supported upside and a possible extension toward the July highs, with moderate funding and slowly rising open interest. However, a quick jump in the leverage ratio above 0.27 before or during a test of $120,000–$124,000 could signal high liquidation risk and the potential for a sharp downward “shakeout.” On-Chain Data Points To Potential Selling Pressure While lower leverage is encouraging for Bitcoin bulls, on-chain data – particularly rising exchange reserves and whale transfers – hints at possible selling pressure ahead. Related Reading: Bitcoin Price Eyes ATH With Falling Average Executed Order Size And Rising Retail Activity For instance, Binance’s BTC reserves have recently surged to 579,000, raising concerns of profit-taking after Bitcoin’s recent rally to a fresh ATH. Likewise, more BTC miners are moving their holdings to Binance, potentially preparing to sell. Adding to the caution, some analysts warn of a possible pullback to $110,000 to fill outstanding fair value gaps. At press time, BTC trades at $118,672, down 0.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Bitcoin (BTC) created a fresh all-time high (ATH) yesterday, touching $124,474 on Binance before stabilizing around $118,000 at the time of writing. Meanwhile, BTC reserves on Binance have surged significantly, raising concerns about a potential price correction. Bitcoin Reserves Spike On Binance: Time To Worry? According to a CryptoQuant Quicktake post by contributor Arab Chain, Binance’s Bitcoin reserves have seen a sharp increase in recent months. The exchange holds the largest BTC reserves, supported by its high liquidity and the largest trading volume in the market. Related Reading: Bitcoin Price Eyes ATH With Falling Average Executed Order Size And Rising Retail Activity From the end of July until today, Binance-based BTC reserves have reversed a previous downtrend, climbing to 579,000 BTC. Arab Chain shared the following chart illustrating how BTC reserves – after a period of scarcity – have reversed course and now signal a short-term warning. Notably, BTC reserves on Binance had previously declined by approximately 50,000 to 60,000 BTC, a 9% to 10% drop from the 2024 peak to the July 2025 low. Recently, reserves recovered slightly, rising by 25,000 to 30,000 BTC, an increase of 5% to 6%. Despite this recovery, BTC reserves remain well below the peaks of late 2024, indicating that structural scarcity has not yet fully dissipated. Arab Chain highlighted two potential reasons for the recent spike in reserves. First, profit-taking or short-term supply could increase when traders – including whales and market makers – deposit BTC on exchanges. They may do this to sell part of their holdings or to use the digital asset as collateral in derivatives markets. Second, a liquidity boost for BTC can occur when growing demand leads to the replenishment of liquidity pools. Market makers may also rebalance their portfolios to help smooth price spreads. The analyst concluded: In practice, if daily or weekly reserve increases persist alongside high positive funding rates and rising open interest, the likelihood of a short-term correction grows. However, if reserves stabilize or decline quickly, this would suggest renewed scarcity and a continuation of the uptrend. BTC Rally Losing Momentum? BTC pulled back from its recent ATH, trading slightly above $118,000 at the time of writing, signaling a short-term price correction. Some analysts warn that this might indicate the flagship cryptocurrency is losing momentum. Related Reading: Two Forces Can Launch Bitcoin To $1 Million, Says Mike Novogratz In addition to rising exchange reserves, the Binance whale-to-exchange flow metric also points to increased selling pressure. The spike in Binance miner distributions reinforces this signal. That said, some analysts remain cautiously optimistic. Axel Adler notes that BTC’s current market structure makes a severe price correction unlikely. At press time, BTC trades at $118,464, down 0.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Turkey’s BtcTurk suspended crypto deposits and withdrawals after security firm Cyvers detected $48 million in suspicious outflows tied to its hot wallets.
As Bitcoin (BTC) continues to hover just below the $120,000 level, miners have increased transfers to Binance crypto exchange. According to analysts, elevated BTC transfers to Binance could signal an upcoming price correction for the top cryptocurrency. Bitcoin Price Correction Upcoming? According to a CryptoQuant Quicktake post by contributor Arab Chain, there was a significant spike in BTC transfers from miners to Binance crypto exchange in late July – shown in the form of double tops in the following chart. These spikes were followed by several days of above-average flows to the exchange. Early August saw another surge, with transfers ranging from several thousand BTC to more than 10,000 BTC at their peak. Related Reading: Bitcoin Bull Run At Risk? Binance Whale-To-Exchange Flow Signals Price Correction This activity suggests that miners are continuing to distribute BTC to the exchange. The selling comes as the asset’s price remains close to its all-time high (ATH) of nearly $120,000. Arab Chain noted that compared to the April–June period, the current miner activity resembles “stockpiling or hedging behavior” rather than typical low-noise patterns. The analyst shared several behavioral indicators to support this view. For instance, sustained high inflows during elevated price levels suggest that miners are taking advantage of the rally to secure liquidity, cover operational costs, or manage post-halving treasury needs. However, such large inflows are often linked to short-term resistance. The market must have sufficient buying liquidity to absorb this supply and prevent it from triggering a sharp price decline. The high frequency of peaks over the past two weeks also indicates that this is not a one-off occurrence. Instead, it marks a phase of heightened activity among Binance miners, which increases Bitcoin’s price sensitivity to any drop in demand. According to Arab Chain, if daily flows remain above the recent weekly average – roughly 5,000 to 7,000 BTC per day – it would point to ongoing supply pressure. Conversely, a rapid drop back to lower levels would suggest that the distribution wave was temporary and has already been absorbed. BTC May Be Preparing For A New ATH Despite consolidating just under $120,000, recent on-chain data shows few signs of the Bitcoin market overheating. In addition, the average executed order size in the Bitcoin futures market has been steadily declining, indicating greater retail participation in the rally. Related Reading: Bitcoin Investors Turn To ‘Smart DCA’ As Market Trades Below On-Chain Fair Value Of $117,700 That said, a significant portion of short-term BTC holders have moved into profit, which could set the stage for a sell-off. At press time, BTC trades at $118,970, down 0.6% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The group has reportedly helped freeze over $250 million in criminal assets less than a year after launch.
Earlier today, Bitcoin (BTC) surged past $122,000 for the first time since July 13, coming close to a new all-time high (ATH) before paring some gains, trading slightly above $119,500 at the time of writing. Bitcoin Eyes New ATH With Retail-Driven Rally According to a recent CryptoQuant Quicktake post by contributor ShayanMarkets, the average executed order size in the Bitcoin futures market has declined significantly over the past few months. This suggests that the recent price rally is being driven primarily by retail investors rather than institutional players. Related Reading: Bitcoin Derivatives Data Signals Fear As Binance Net Taker Volume Turns Bearish For context, the average executed order size is calculated by dividing the total traded volume by the number of executed orders. This metric helps identify whether market activity is dominated by retail participants or large-scale investors. ShayanMarkets shared the following chart showing large yellow and green clusters in late 2024 and early 2025, which corresponded with substantial whale inflows and fueled strong bullish rallies. However, recent weeks have seen a noticeable rise in red clusters, indicating that smaller, retail-sized orders are taking a larger share of market activity. The analyst noted that historically, whale dominance near market peaks has often coincided with local tops. Whale involvement in the BTC futures market has declined since Q2 2025, which could mean that institutional buyers are either holding existing positions from lower levels or waiting for more favorable re-entry points. ShayanMarkets concluded: This dynamic leaves Bitcoin in a position where a bullish breakout above its prior ATH could materialize in the coming weeks, unless renewed whale activity emerges to offload positions, triggering a distribution phase. Recent on-chain analysis suggests that BTC may currently be in a distribution phase. In a separate CryptoQuant post, analyst BorisVest noted that investors are employing a strategy called Smart dollar-cost averaging (DCA) to accumulate BTC at current levels ahead of potential price appreciation. Smart DCA is an upgraded version of the traditional DCA strategy, where investment amounts and timing are adjusted based on market conditions instead of fixed intervals. In crypto, it often uses indicators like moving average or RSI to increase buying during undervaluation phases. Is BTC At Risk Of A Price Correction? While rising retail participation in the BTC futures market can signal organic demand for the flagship cryptocurrency, other indicators point to a possible price correction that could disrupt Bitcoin’s bullish momentum. Related Reading: Bitcoin ETF Market Flashes Warning: IBIT Outflows Paired With Drop In Tron USDT Transfers For example, fresh on-chain data shows an uptick in Binance whale-to-exchange flows, often a precursor to near-term price pullbacks. In addition, recent changes in Bitcoin whales’ realized cap suggest a degree of fragility in the market. That said, not all signals are bearish. Some analysts believe BTC could be gearing up for another rally in the second half of the year, with targets as high as $150,000. At press time, BTC trades at $119,583, up 0.8% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The Ethereum (ETH) market has unlocked another wave of bullish momentum after decisively breaking above the long-standing resistance at the $4,000 level. The most prominent altcoin now trades around $4,200, representing an estimated 180% gain from market lows of $1,500 in May 2025. Looking forward, a market analyst with the username CryptoOnChain unveils a potential price trajectory for Ethereum, detailing both short- and long-term outlooks for the asset. Related Reading: Ethereum Exchange Balances Decline To 18.8M ETH: Smart Money Drains Supply On-Chain Data Shows ETH Long-Term Bullish, Short-Term Vulnerable In a QuickTake post on CryptoQuant, CryptoOnChain shares insights on Ethereum’s future price movement based on recent exchange activity. The digital asset analyst notes that after rallying from the $2,400 zone, ETH has climbed to around $4,215, just shy of the strong $4,400 resistance level that has historically acted as a significant supply barrier. While momentum indicators such as the MACD and buying volume remain positive, the approach toward this resistance is accompanied by potential for near-term selling pressure. Meanwhile, CryptoOnChain also reveals that on-chain exchange metrics reveal a divergence between broader market behavior and activity specific to Binance. Notably, Ethereum’s Exchange Supply Ratio (ESR) across all exchanges has recorded a steady decline since 2022, now standing at approximately 0.16. This development suggests that investors are steadily moving ETH off trading platforms, thereby reducing sell-side liquidity and strengthening the market confidence in the asset’s long-term price outlook. However, Binance’s ESR has been climbing since early 2025, now hovering near 0.04. This localized increase indicates that some ETH holders are moving coins back into Binance, potentially for short-term profit taking, arbitrage opportunities, or to participate in exchange-specific programs. Adding to the cautious tone, Binance’s exchange netflow has recently seen a notable surge in positive inflows, as Ethereum nears key resistance at $4,400, signifying potential intent to sell. The combination of these metrics paints a picture of long-term strength but short-term vulnerability for the Ethereum market. From a macro standpoint, the ongoing decline in the all-exchange ESR points to a healthier supply-demand balance for ETH. However, the localized buildup of ETH on Binance, which is the world’s largest exchange, coupled with heightened net inflows, suggests that sellers may be preparing to take profits in the immediate term. Related Reading: Cardano Price Prediction: Why A 52% Rally To $1.20 Could Happen Soon Ethereum Price Forecast At press time, Ethereum trades at $4,230, reflecting a 4.62% gain in the last day. However, the asset’s daily trading volume has declined by 12.08%. Considering the current ESR report, CryptoOnChain outlines two scenarios. In a bullish scenario, a swift drop in Binance net inflows or a leveling off in the exchange’s ESR could open the door for ETH to push decisively past the $4,400 mark, with $4,800 as the next price target amidst the possibility of revisiting all-time highs. Conversely, if strong inflows into Binance persist and the price fails to clear $4,400, ETH could face a short-term pullback, potentially retracing to the $3,950–$4,000 support zone before mounting another breakout attempt. Featured image from Pexels, chart from Tradingview
After failing to decisively break above the $120,000 level in mid-July, Bitcoin (BTC) could face further price corrections as whales continue to increase BTC inflows to the Binance crypto exchange. Is Bitcoin Losing Its Bullish Momentum? According to a recent CryptoQuant Quicktake post by contributor Arab Chain, fresh data from the Binance Whale-to-Exchange Flow indicator suggests that BTC may soon experience additional downside pressure. Related Reading: Bitcoin ETF Market Flashes Warning: IBIT Outflows Paired With Drop In Tron USDT Transfers The analyst noted that despite growing retail participation in the BTC market, persistently high whale inflows into Binance – combined with a declining Bitcoin price – signal that the market could be entering a technical correction phase. Arab Chain shared the following chart, where the purple zone shows that whale inflows to Binance remained consistently high throughout July and early August. At the same time, the drop in BTC price reflects a distribution pattern, where whales begin unloading BTC on exchanges following a sharp rally. Although there were no extreme spikes, whale inflows into Binance stayed elevated in the $4 billion to $5 billion range, indicating that these large holders are actively moving BTC onto the exchange – often a precursor to major sell-offs. The fact that these inflows remain high on Binance despite the drop in BTC price suggests that either whales are still selling their holdings on the exchange, or they are waiting for a price rebound to exit the market. Similarly, the light blue area in the chart shows a notable increase in retail inflows to Binance during late July and early August. Historically, such late-stage retail participation often marks the final phase of a bullish cycle, providing exit liquidity for whales. The analyst concluded: Despite the rise in retail participation, the market shows signs of internal weakness, with sustained whale inflows to Binance and loss of upward momentum. If this behavior continues, the market may be entering a medium-term correction phase. Investors Still Optimistic About BTC While signals suggest the current BTC rally may be overextended, some investors remain confident, employing strategies like Smart Dollar-Cost Averaging (DCA) to accumulate BTC in anticipation of further price gains. Related Reading: Bitcoin Holds Steady At $115,000, But Realized Price Data Warns Of Fragility Fellow CryptoQuant analyst Oinonen noted that while the recent pullback in BTC price may have raised concerns about further declines, the asset’s historical Q4 performance could propel it to a new all-time high of $200,000 by the end of 2025. After hitting a recent low around $111,800, BTC has recovered part of its losses and is now trading near $116,500. Still, some analysts caution investors against “excessive optimism.” At press time, BTC was trading at $116,501, up 0.2% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Cryptocurrency exchanges have been rolling out stricter controls and clearer disclosures on how user funds are safeguarded.
The move comes amid growing demand for enhanced security and efficient trading, with other crypto exchanges exploring similar solutions.
The New York Department of Financial Services (NYDFS) has imposed a $48.5 million penalty on Paxos as part of its enforcement action against the stablecoin issuer, according to an Aug. 7 announcement. The settlement includes a $26.5 million civil monetary fine and mandates Paxos to spend an additional $22 million over three years to strengthen […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Paxos Trust Company will pay $26.5 million in fines to New York after the state's financial regulator found failures.
The global cryptocurrency market has experienced a slight downturn over the past week, with Bitcoin (BTC) struggling to regain its recent highs. Market data from CoinGecko shows the total crypto market capitalization currently stands at approximately $3.79 trillion, representing a 0.4% decline in the last 24 hours. This pullback follows a period of uncertainty across major digital assets, with both Bitcoin and altcoins facing limited buying momentum despite periods of volatility. Analysts suggest that reduced market activity and fluctuations in leveraged trading positions are playing a significant role in current market behavior. Insights from Binance, one of the largest cryptocurrency exchanges globally, highlight shifting trader sentiment as leverage levels decline while overall price movement remains subdued. These changes raise questions about whether the market is entering a phase of consolidation or setting up for more volatility ahead. Related Reading: Bitcoin Inflows To Binance Accelerate: Investor Behavior Shifts After Months Of Decline Leverage Trends on Binance Point to Market Reset According to a recent analysis from CryptoQuant contributor Arab Chain, leverage usage on Binance has decreased notably in recent days. The analyst explains that falling leverage is typically a short-term positive indicator as it suggests the exit of overleveraged traders and a reduction in forced liquidations. This can help stabilize price fluctuations and reduce abrupt sell-offs that often trigger sharp market corrections. However, Arab Chain points out that the current scenario differs slightly. Both price levels and leverage ratios have declined simultaneously, indicating that spot market buying has not picked up to offset selling activity. “The lack of strong demand in the spot market weakens the probability of a rapid recovery,” the analyst wrote. This trend highlights a more cautious approach from traders, potentially reflecting macroeconomic uncertainties or a wait-and-see attitude ahead of key market developments. The estimated leverage ratio on Binance is considered a critical indicator for short-term sentiment. A high leverage ratio suggests speculative positions are dominating the market, making it more vulnerable to sudden price swings. Conversely, a falling ratio can indicate risk management among traders or widespread liquidations, both of which can temporarily ease volatility. Arab Chain emphasizes that this metric acts as an “early radar” for potential shifts in market momentum. Altcoin Deposits Signal Increased Trading Activity In a separate analysis, CryptoQuant’s Maartunn observed a significant increase in altcoin deposits to Binance, with a seven-day transaction count exceeding 45,000, the highest level since late 2024. This surge in activity coincided with Bitcoin’s recent push above $112,000, suggesting traders are preparing to adjust their positions across a wider range of digital assets. Deposits to exchanges are often interpreted as a signal of upcoming trading activity, as funds are moved from wallets to platforms where they can be quickly exchanged. Whether this results in increased buying or selling depends on how the broader market evolves in the coming days. The uptick in deposits could indicate growing interest in altcoins as traders look for opportunities beyond Bitcoin amid its recent stagnation. Featured image created with DALL-E, Chart from TradingView
XRP traded remarkably consistently across Binance and Coinbase throughout July, despite stark differences in where and how liquidity was concentrated. While prices between USD and USDT pairs remained within a few basis points of one another, the two exchanges diverged significantly in their respective trading volumes. Binance captured nearly all activity for USDT-quoted XRP, while […]
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A quant has explained how altcoin inflows into cryptocurrency exchange Binance might act as a leading indicator for the market. Spikes In Binance Altcoin Inflows Tend To Precede Corrections In a CryptoQuant Quicktake post, an analyst has talked about the trend in the altcoin exchange inflows going to Binance. The indicator of relevance here is the “Exchange Inflow Transaction Count,” which measures, as its name suggests, the total number of deposit transactions that investors are making to a given centralized exchange. Related Reading: Bitcoin Top Buyers Aren’t Selling: $118,000+ Supply Remains Firm Below is a chart for the indicator that shows the trend in the altcoin deposits occurring on the various exchanges. As is visible in the graph, the altcoin Exchange Inflow Transaction Count peaked on all exchanges right before both the 2024 market tops, implying that deposit activity intensified on the platforms. Generally, investors transfer their coins to exchanges when they want to sell, so spikes in exchange inflows can lead into bearish price action. This appears to be what happened in these two instances. Interestingly, during the latest market drawdown that has occurred over the past few days, inflows on only one exchange have seen a spike: Binance. There have also been other instances in the past where this pattern developed. “Spikes in Binance inflows (represented by the purple area) frequently precede downward price movements or market corrections,” notes the analyst. The quant has also explained that Binance is not only the largest exchange in the sector in terms of trading volume, but also a hub for altcoin activity from both retail and institutional entities. As such, investor behavior on the platform can be quite relevant for the wider market. Speaking of alts, CryptoQuant has shared a few new indicators that can be used to track smart money. One of these is the Average Order Size, which differentiates between futures buy orders by their scale. The above chart shows the indicator’s data for Hyperliquid (HYPE). It would appear that whale-sized buy orders appeared when the altcoin was trading around $11 earlier in the year. Since then, its price has climbed to $39. Related Reading: Bitcoin Neutral Sentiment Didn’t Last Long: Investors Already Greedy Again Another indicator is the Retail Activity Through Trading Frequency. This one is the opposite: it points out periods of elevated activity from the small hands. From this graph, it’s apparent that overheated periods of retail interest coincided with price highs in Gala (GALA). ETH Price At the time of writing, Ethereum is trading around $3,600, down more than 4% over the past week. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Changpeng Zhao has asked a US bankruptcy court to dismiss claims in a lawsuit filed by FTX's bankruptcy estate.
The Philippine Securities and Exchange Commission (SEC) has flagged ten prominent crypto exchanges, including OKX, Bybit, KuCoin, and Bitget, for operating in the country without the necessary approval. On Aug. 4, the SEC issued a public warning advising residents to avoid engaging with these unregistered platforms, which have not secured licenses to operate or solicit […]
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Binance will launch its "ALL” Composite Index perp on Aug. 6, bundling its USDT-quoted futures into one after July's seven-month high for futures volume.
Hyperliquid also maintained its commandingly consistent market share of over 75% in the perps DEX space throughout July.
Binance has opened bitcoin options writing to all users, responding to increased retail demand for advanced trading tools.
Earlier today, Bitcoin (BTC) briefly fell below $115,000 – hitting a low of $114,116 – triggering panic selling across major crypto exchanges, including Binance. Sharp shifts in several key metrics, such as open interest and net taker volume, confirm the intensity of the sell-off. Bitcoin Decline Wipes Out $500 Million In Open Interest According to a Quicktake post on CryptoQuant by contributor Amr Taha, BTC’s drop below $115,000 led to a sharp decline in open interest on Binance, which fell from $14 billion to under $13.5 billion. Related Reading: Bitcoin Rejected At $120,000: Binance Whale Inflows Suggest Possible Drop To $110,000 The following chart shows Binance open interest declining by nearly 4% in a single day – a move typically associated with liquidation events. Supporting this, data from CoinGlass shows $760 million in liquidations over the past 24 hours. To explain, such large-scale liquidation events typically occur when leveraged traders face forced position closures – long or short – due to margin calls. The sharp BTC drop resulted in the liquidation of approximately 183,514 traders in just 24 hours. In addition to falling open interest and widespread long liquidations, Binance’s net taker volume also points to rising bearish sentiment. The metric plunged to -$160 million, underscoring aggressive selling pressure. For context, Binance net taker volume measures the difference between market buy and sell orders initiated by takers. A positive value suggests dominant buying activity (bullish), while a negative value reflects dominant selling activity (bearish). Binance net taker volume dropping into negative territory further reinforces bearish pressure on BTC. Since this net selling coincided with the decline in open interest, it indicates that many derivatives traders are panic-closing late long positions. Will BTC Make Recovery? Despite the falling price, shrinking open interest, and negative net taker volume, Taha suggests that these bearish indicators could paradoxically set the stage for a short-term rebound. Related Reading: Bitcoin Overheating Signals Easing – Is A Second-Half Rally Ahead? Bitcoin’s selling pressure may be nearing exhaustion, while short interest continues to rise. This combination could trigger a market rebalancing phase, potentially paving the way for price stabilization – or even a short squeeze-driven bounce. However, on-chain data points to continued bearish momentum. The increasing share of new investors among BTC holders may lead to overheated market conditions in the near term. At the same time, exchange reserves are rising, which could contribute to more selling pressure. Long-term BTC holders also appear to be selling in significant volumes, suggesting potential rally exhaustion. That said, BTC could still remain on track for its year-end target of $180,000 – but only if it holds key support at $110,000. At press time, Bitcoin is trading at $115,310, down 2.1% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com